PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,345,383 shares, a growth of 183.1% from the May 14th total of 475,224 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 45,648,473 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

PMI has been the topic of several recent research reports. Zacks Research upgraded PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reiterated a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

PMI Trading Down 7.8%

PMI stock traded down $0.01 during trading on Friday, hitting $0.17. 6,843,154 shares of the company traded hands, compared to its average volume of 15,950,951. PMI has a 1 year low of $0.11 and a 1 year high of $13.68. The stock has a 50-day moving average of $0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.16.

PMI (NYSEAMERICAN:PMI) last issued its earnings results on Friday, May 15th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.15 million during the quarter. As a group, sell-side analysts anticipate that PMI will post -0.17 earnings per share for the current year.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.